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Thread: Bitcoin

  1. #6101
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    It does look like it’s all beginning to unravel… I wonder how long it will take.

  2. #6102
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Montello View Post
    It does look like it’s all beginning to unravel… I wonder how long it will take.
    Closed my short last week, looking for a shortable bounce but it doesn't look too good....
    Someone who lies about the little things will lie about the big things too.

  3. #6103
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    Quote Originally Posted by mr noble View Post
    I’m in no way trying to suggest Argo is a strong and stable investible company, but I don’t think it’s fair to call it a shitco either.
    Very far from that for those who were clever enough to be buying in at 10p!
    Still think it isn't a shitco?

    Buyers at 10p are 30%+ under water now.
    Someone who lies about the little things will lie about the big things too.

  4. #6104

  5. #6105
    Grand Master Raffe's Avatar
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    FTX going bankrupt. So sad.




    Background here: https://twitter.com/alex_valaitis/st...11035132694528


    Latest: FTX blocking withdrawals of staked FTT tokens. Sounds like LUNA, only bigger. BTC in freefall. Oh my.
    Someone who lies about the little things will lie about the big things too.

  6. #6106
    Links back to Celsius via Almeda research



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  7. #6107
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    Quite amusing looking at all the YouTubers and TickTockers in a frenzy saying this is the time to buy and its all going to plan.
    Cheers..
    Jase

  8. #6108
    Where did these people think the scammers had all gone? Crypto still riddled

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  9. #6109
    Oh my

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  10. #6110
    Grand Master Raffe's Avatar
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    There is no guarantee we have seen the last of this. You know how this works: sign a non-binding LOI, then start due diligence. At any problem you encounter, you lower the price until the other party screams in agony. Then you cut it some more. Bankman-Fried is fooked beyond imagination. The only reason CZ is doing this, is that because he is afraid of the sell-off if he lets FTX fail. But depending how big the hole is, it may still be more efficient to let them fail and use the time to manage their crypto exposure. I give this no more than 50% probability of happening.

    Someone who lies about the little things will lie about the big things too.

  11. #6111
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    Definitely something still cooking. FTT falling into the abyss, bitcoin dropped almost 10% since my last post above. Even Doge back under 10 cents.

    Someone who lies about the little things will lie about the big things too.

  12. #6112
    Grand Master Raffe's Avatar
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    Wild.

    -18%, then +0.3%, then -22%.

    You okay, Saylorman?


    Someone who lies about the little things will lie about the big things too.

  13. #6113
    Master petethegeek's Avatar
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    Quote Originally Posted by Raffe View Post
    Closed my short last week, looking for a shortable bounce but it doesn't look too good....
    Quote Originally Posted by Raffe View Post
    You okay, Saylorman?
    He wants to know if you went for it? And since you asked, MSTR is currently -2345676543% on the day, comfortably almost back under $200.

    Stuff this for a game of soldiers, I'm off for a drink. I'll try again later.

  14. #6114
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    Quote Originally Posted by petethegeek View Post
    He wants to know if you went for it? And since you asked, MSTR is currently -2345676543% on the day, comfortably almost back under $200.

    Stuff this for a game of soldiers, I'm off for a drink. I'll try again later.
    Sold into the Binance rally today, at $19,980 - $350 below where I bought last week. But looking at what happened since, I am very happy.
    Someone who lies about the little things will lie about the big things too.

  15. #6115
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    All the chump money must have dried up now for the crypto new era ... so how are they keeping it afloat? (Well apart from the ones that are sinking)

    There must be some late arrivals holding some serious losses now ... when do they finally give up?

  16. #6116
    Grand Master ryanb741's Avatar
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    Time to buy the dip of the dip of the dip of the dip of the dippidy dip dip.

    #lambotime

  17. #6117
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    Back after a few months doing other stuff. Did I miss anything interesting…?


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  18. #6118
    I'm not buying back in for a while, Jan maybe

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  19. #6119
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    well after blood bath today i am back down 4.5 K not a fortune ( still a fair wack :-)) but money i knew i was gambling not investing! so i wont be getting out anytime soon, in fact unless it all collapses like a house of cards, i am in for the long haul, or should i say my kids are LOL
    dean.m

  20. #6120
    You'll make a fortune etc etc

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  21. #6121
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    Ultimate Schadenfreude Thread

  22. #6122
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    Quote Originally Posted by Raffe View Post
    I give this no more than 50% probability of happening.
    Oopsies.

    Someone who lies about the little things will lie about the big things too.

  23. #6123
    You know it is toxic when due diligence last hours, rather than days or weeks.

  24. #6124
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Raffe View Post
    Oopsies.
    ....and Binance just officially walked away, leaving FTX to fall into bankruptcy. Meanwhile, the US DOJ is investigating FTX for fraud.

    BTC does not like the news....
    Someone who lies about the little things will lie about the big things too.

  25. #6125
    Grand Master Raffe's Avatar
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    Quote Originally Posted by petethegeek View Post
    He wants to know if you went for it? And since you asked, MSTR is currently -2345676543% on the day, comfortably almost back under $200.

    Stuff this for a game of soldiers, I'm off for a drink. I'll try again later.
    How come mstr is still trading at $169? They are basically hours from bankruptcy...?
    Someone who lies about the little things will lie about the big things too.

  26. #6126
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    SBF personally bankrupt, negative net worth of $200mio - was listed at $16bln two days ago by Bloomberg.

    Have fun staying poor, boy.
    Someone who lies about the little things will lie about the big things too.

  27. #6127
    Master petethegeek's Avatar
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    Quote Originally Posted by Raffe View Post
    How come mstr is still trading at $169? They are basically hours from bankruptcy...?
    Would that be using the GAAP or the Non-GAAP definition?

  28. #6128
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    Rumors that El Salvador kept their bitcoin on FTX. That would be really tragic for Bukele.
    Someone who lies about the little things will lie about the big things too.

  29. #6129
    He'll still have the volcano and can make some more

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  30. #6130
    Quote Originally Posted by Raffe View Post
    SBF personally bankrupt, negative net worth of $200mio - was listed at $16bln two days ago by Bloomberg.

    Have fun staying poor, boy.
    He probably only deals in the future of money so boring USD are irrelevant to him.

  31. #6131
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    Quote Originally Posted by Raffe View Post
    SBF personally bankrupt, negative net worth of $200mio - was listed at $16bln two days ago by Bloomberg.

    Have fun staying poor, boy.
    I expect he’s got a few old school millions salted away for a rainy day.

  32. #6132
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    Quote Originally Posted by mitch1956 View Post
    well after blood bath today i am back down 4.5 K not a fortune ( still a fair wack :-)) but money i knew i was gambling not investing! so i wont be getting out anytime soon, in fact unless it all collapses like a house of cards, i am in for the long haul, or should i say my kids are LOL
    dean.m
    Similar here. I bought near the top and was in slight profit at one point. Didn't sell lol.

    Cut losses now? Seems wise.

  33. #6133
    Grand Master Raffe's Avatar
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    Next chapter: Tether.
    Someone who lies about the little things will lie about the big things too.

  34. #6134
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    Blockfi is toast right?

  35. #6135
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Alansmithee View Post
    Blockfi is toast right?
    I thought they were saved in July by FTX? Oh.
    Someone who lies about the little things will lie about the big things too.

  36. #6136
    Grand Master Raffe's Avatar
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    Here is by far the best explanation of what happened this week in crypto:

    https://twitter.com/btcmemecreator/s...92280101748736

    (My God, will I be sad when Twitter is no more).
    Someone who lies about the little things will lie about the big things too.

  37. #6137
    Lol

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  38. #6138
    Dying here 'buy the dip'

    I will never invest again in crypto without thinking about this meme

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  39. #6139
    Only 12 likes is a crime

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  40. #6140
    Grand Master JasonM's Avatar
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    Quote Originally Posted by Raffe View Post
    Here is by far the best explanation of what happened this week in crypto:

    https://twitter.com/btcmemecreator/s...92280101748736

    (My God, will I be sad when Twitter is no more).
    That is genius.
    Cheers..
    Jase

  41. #6141
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    FTX to file for US bankruptcy protection, CEO Bankman-Fried resigns – business live

    https://www.theguardian.com/business...-business-live

  42. #6142
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    Quote Originally Posted by Raffe View Post
    Here is by far the best explanation of what happened this week in crypto:

    https://twitter.com/btcmemecreator/s...92280101748736

    (My God, will I be sad when Twitter is no more).

    Tears, that’s like a Dummies guide to Crypto!

  43. #6143
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    You couldn't make it up, now FTX has been hacked on a Friday night and hundreds of millions of crypto stolen from user accounts. Smacks of an inside job if you are asking me.

    Not the end of this story, but this FTX chapter might be the beginning of the end of crypto. Finally.
    Someone who lies about the little things will lie about the big things too.

  44. #6144
    It's all fine, just keep calm

    “FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans,” wrote an account administrator in the FTX support Telegram chat. The message was pinned by FTX general counsel Ryne Miller.


    Right, you've lost all your money, but they are coming for everything else

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  45. #6145
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    There must be some awful stories coming about the small time bag holders who are getting wiped out.

  46. #6146
    Grand Master ryanb741's Avatar
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    Quote Originally Posted by Montello View Post
    There must be some awful stories coming about the small time bag holders who are getting wiped out.
    Not just small time bag holders

    https://www.ft.com/content/726277bb-...9-3e1cca587b77

  47. #6147
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    Quote Originally Posted by Montello View Post
    There must be some awful stories coming about the small time bag holders who are getting wiped out.
    I know a few people with a few grand in crypto and I suspect are now down. That said, the only person I’ve seen admitting sitting on a loss has been on this thread.


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  48. #6148
    Well I'm a loss NOW but that doesn't matter as I'm only expecting a lambo by 2030

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  49. #6149
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    Quote Originally Posted by ryanb741 View Post

    I can’t see any tears being shed for hedge funds …

  50. #6150
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    Quote Originally Posted by Raffe View Post
    You couldn't make it up, now FTX has been hacked on a Friday night and hundreds of millions of crypto stolen from user accounts. Smacks of an inside job if you are asking me.

    Not the end of this story, but this FTX chapter might be the beginning of the end of crypto. Finally.

    A perfect example of "not your keys, not your crypto".

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